Tag: HMRC
Making Tax Digital for landlords is delayed by two years
The Government has announced that the introduction of its flagship ‘Making Tax Digital’ (MTD) scheme for Income Tax Self...
50,000 landlords have left the PRS since 2019
It has been revealed that the UK has 2.74 million unincorporated landlords and in 2020-21 they earned £41bn from rents, but the data...
UK sees house transactions rise by 2% in October
The number of UK house transactions increased by 2% in October to reach a seasonally adjusted total of 108,480, HMRC reports, though...
HMRC is targeting residential landlords with ‘nudge letters’
HMRC is targeting residential landlords in its latest ‘nudge campaign’ that it suspects are not declaring their full rental...
Government plots raid on landlords to plug £50bn black hole
The government will target landlords in a bid to plug a £50bn hole in the country’s finances, reports reveal.
The move could...
Late filing landlords to pay £10 a day fines
HMRC is getting tougher with landlords who have ignored appeals to file their tax returns on time.
From May 1st, late filers will have...
Tax man urges landlords to keep accounts on their phones
The tax man is urging landlords to keep better financial records with the help of apps on their mobile phones.
A list of several providers...